There is an increasing list of cryptocurrency wallets in the global market. Hence, it becomes a big task in selecting the most appropriate one to use. If care is not taken, you can fall into the wrong hands when you go for the wrong cryptocurrency wallet. To avoid such, do your due diligence before settling for any cryptocurrency wallet. First, you should determine what and how you intend using any cryptocurrency wallet before setting down for it. You should have genuine answers to these following questions:

Do you need a cryptocurrency wallet for the daily purchase of currencies or to buy and hold on to currency as an investment?

Do you intend using different currencies or a singular one?

Will you like unlimited access to your digital cryptocurrency wallet from anywhere in the world?

Assess and re-assess your needs before settling for the most suitable cryptocurrency wallet for yourself.

We shall take some reviews at some cryptocurrency wallets so as to guide you in a choice of one.

DIFFERENT CRYPTOCURRENCY WALLETS

LEDGER NANO S 2018

The ledger nano S is a superlative hardware cryptocurrency wallet. It can easily allow users to keep safe their bitcoins and altcoins on a piece of a hardware device. Although it is new, yet powerful as it is poised to eliminate the possibility of hacking on your account. So, the chances of you being attacked and scammed are trimmed down and possibly brought to a zero level as it employs the strategy of a second double layer security measure. This may not look enticing but an average cryptocurrency investor as a result of its high technology but this ledger nano s cryptocurrency has got you covered in the security of your currencies. It simply ticks. Taking a look at the kind of technology deployed into it will leave you amazed. It is a small USB device that is based on the functionality of a smart card. It is lightweight and almost the same size as that of a small flash disk. A great beauty about this cryptocurrency wallet is that all your currencies are always offline since it is not web-based. This put you in a strong position of not falling prey to attackers and hackers.

Pros

It supports the use of multiple currencies.

Its screen and device are protected by a cover made of the metal

You can easily run third-party applications on it.

It is U2F supported.

It is moderately affordable.

You don’t have to connect the device to a computer in order to recover your wallet from seed.

Cons

It does not have a password manager.

It does not support the creation of hidden accounts.

It does not have translation labelling, hence not as advanced as wallet software.

The Ledger Nano S is a popular option among crypto holders.

TREZOR

Trezor is a hardware cryptocurrency wallet mostly used for bitcoin. It is very useful for the storage of large amount of bitcoins. Since it is a hardware type of cryptocurrency wallet, it can never be infected with malware and it is not prone to online cyber attacks. One beautiful feature about this cryptocurrency wallet is that it does not expose the details of your private keys, thus making it as secure as dealing with physical traditional money. It is an open source device and very transparent. It is very easy to use with a wide spread of usage as it is Linus, Windows and OS X friendly. It also has an intuitive and easy to use user interface, thus making it very user-friendly. One of the features that have made trezor to be popular among investors is that it must be with you in order to send bitcoins. Hence, inactive users, investors or persons who want to keep a large amount of money safe for a long period of time find it appropriate.

Pros

It comes with a good level of privacy and security.

It is open source software.

It is user-friendly and very appropriate for beginners.

It has an inbuilt

Comes with cold storage.

Cons

It is relatively expensive, costs $99.

You must have the device in order to send bitcoins.

The Trezor is another popular cryptocurrency wallet amongst investors

KEEP KEY

Keep key is a desktop cryptocurrency wallet. It is used in securing bitcoin cash, bitcoin, ethereum, litecoin, dash, and namecoin. A striking beauty about this cryptocurrency wallet is that you’re your assets are fully protected from thieves and hackers as it has a very strong security feature.

Pros

High level of security.

High level of privacy.

Supports multiple currencies.

It gives full encryption and backs up of data.

Cons

It does not support mobile or web users.

It is relatively expensive.

Keepkey has a relative low price and can be bought off of Amazon

BITLOX

Bitlox is a hardware cryptocurrency wallet that supports both desktop and mobile users since it is available on these two platforms. It is very secure as it has an inbuilt double layer authentication support. It has a credit card design that makes very sleek and easy to carry.

Pros

High level of security measures.

Very compact in size and weight.

Multiple currencies and languages are supported.

Indestructible metal case

It has many layers of PIN protection.

Cons

It does not support web.

It is relatively expensive.

Bitlox is another hardware device that can be used to secure your coins.

EXODUS

Exodus is a new entrant into the cryptocurrency wallet world. Hence, it is not widely known. Despite its relative newness, it is only available on the desktop version with the hope of being available on other platforms. As a cryptocurrency wallet, it is ideal for the storage and trading of cryptocurrency, most especially bitcoin, Ether, Litecoins, Dash, and Dogecoins. It has an amazingly easy to use user interface that is friendly to professional users and also beginners. Its user interface is also beautiful and intuitive with much ease to offers users on it. In making it users’ favorite, it has a simple guide when you want to back up your wallet. A great feature about this Exodus cryptocurrency wallet is that it comes with an in-built shapeshift exchange that makes it very easy for users trade bitcoins for altcoins and vice versa without necessarily exiting from the wallet.

Pros

It has a good privacy and security level.

It is user-friendly both for professionals and beginners.

It has an intuitive and graphical user interface.

It supports the in-wallet trading feature.

It is very easy to use.

It is open source software. Hence, it is free.

It supports multiple currencies.

Cons

It is a hot wallet.

It does not have a mobile app.

There is no presence of web interface.

Exodus is a very popular desktop wallet. It is not a hardware device.

COINBASE

Coin base is one of the most popular cryptocurrency wallets. It is web-based and has a lot of rich features to give users a lifetime experience. The website is very user-friendly as it is easy to navigate. You can easily access this wallet from any browser or smartphone in the world. Its security features are so great that it provides double layer security to avoid scams and theft. Although your wallet is stored online and your transaction will pass through their servers, Coinbase does not have your private keys. It is highly trusted by users all over the world. Hence, it is a trusted place to keep your money.

Pros

It has good security measures.

Very easy to use interface.

It is beginner friendly.

It is a well known and trusted company.

Cons

Hot wallet.

It has weak privacy.

There can be some outages sometimes.

Coinbase is an online exchange that provides a secure and virtual wallet for Bitcoin, Litecoin, and Ethereum.

JAXX

Jaxx is a cryptocurrency that supports many currencies on its platform. Currencies such as the Ether, Ether Classic, Dash, DAO, Litecoin, REP, Zcash, and Bitcoin can be operated on it. It was designed to give its users smooth and memorable experience in Bitcoin and Etherum. It is worthy to note that it is available on different platforms and devices such as the Windows, Linus, chrome, Firefox, OSX, iOS mobile, android mobile, and tablet. It is web-based and hence connects to the internet through chrome and Firefox browsers. It also allows conversions in the wallet from one form of currency to another. If you require a great experience while dealing with an array of multi-currency wallet, then the Jaxx wallet is your best choice as it is packed with exciting features and a wide integration of new currencies.

Pros

It has good security and privacy.

It supports multiple currencies.

It is user-friendly.

You can easily link currencies from different platforms.

Cons

It can be slow to load.

The code is not open source.

Jaxx is a desktop and mobile cryptocurrency app

ELECTRUM

Electrum is a desktop cryptocurrency wallet. It is suitable for multiple currencies as it supports that. The features of the electrum cryptocurrency wallet are good enough as it has a safe multi-layer wallet that gives users a high level of security. It also has a mobile version, thus making it ideal for a wide range of users on different platforms.